Portfolio recapture, wholesale, and builder channels accounted for almost 79 percent of its fundings in 2Q.

The White House believes that the current housing finance system, where the government guarantees more than 80 percent of all mortgages through Fannie Mae, Freddie Mac and FHA, is unsustainable.

Is refi specialist CashCall still on the auction block?

The guidelines follow the Senate’s passage last week of the Reverse Mortgage Stabilization Act of 2013.

According to an IRS private-letter ruling, certain excess servicing rights would constitute a real-estate asset, and income from the spread would be treated as interest on obligations secured by mortgages on real property.

The market for residential servicing rights continues to gain momentum with two new offerings from The Prestwick Mortgage Group.

Mortgage brokerage firms added new workers in June but at a very slow pace, a sign that the origination market is slowing.

Ocwen is looking at $400 billion of MSR deals, at least. Meanwhile, a lager wholesale may exit, and no, it's not EverBank.

The wrath of Wall Street has descended upon Richmond, CA, after the city council adopted a plan using eminent domain to seize underwater mortgages, as a last resort, and resell them to beleaguered homeowners at a lower price. The American Securitization Forum, the Securities Industry and Financial Markets Association and the Association of Mortgage Investors condemned Richmond’s decision to implement an April 2 agreement with Mortgage Resolution Partners (MRP) to use eminent domain to address the city’s severe foreclosure problem. The city became the first municipality in the country to adopt such an approach, though not the first to consider the idea. Richmond, like many California cities and municipalities, was hit...